Will Maersk weather the storm? 
A.P. Moeller-Maersk showed a better performance in this year's first quarter than expected. Nevertheless, the Danish container shipping company warned of a 20-25% decrease in volumes in the second quarter. Maersk posted a USD 197 million net profit in the first three months... more
American Airlines back to the future in May
American Airlines has expanded its cargo schedule in May to provide 140 weekly flights to 15 cities in Asia Pacific, Europe and the Caribbean, up from 80 flights the week before. New destinations include daily flights between Dallas-Fort Worth (DFW) and Hong Kong and weekly... more
eTrucknow now also available in Singapore
Piloted in Thailand, Kuehne + Nagel has launchend its AI-enabled digital road logistics platform eTrucknow in Singapore. With eTrucknow, shippers can access a simplified quotation and comparison process for domestic road logistics shipments. Singapore-Malaysia cross-border... more
When "urgent" is not humanitarian
Indian PCN member Premier Global Logistics recently completed an air shipment totalling 7.6 t from Mumbai to France via Turkish Airlines. Managing director Rajesh Gupta: "The shipment was extremely time critical and we micromanaged everything from the airline booking to... more
Japan's first LNG bunker vessel launched
The joint venture of K Line, Jera, Toyota Tsusho and NYK has launched Japan’s first LNG bunker vessel (LBV) at the Sakaide Works of Kawasaki Heavy Industries. The LBV is scheduled to be delivered at the end of September 2020 and will be the first of its kind to be operated in... more
From Siberia to China in 35 days
The Austrian Rail Cargo Group in Russia and the Russian transport firm Fesco plan to set up stable and reliable multimodal transport services between Siberia and China. The two companies jointly organised the first container transport, loaded with 216 t of rapeseed oil, from... more
New member for steering committee on mediation
Edward Liu, legal director with Hill Dickinson Hong Kong, has been elected as a member of the steering committee on mediation and its public education and publicity sub-committee each for a new term from 1 January 2020 to 31 December 2021. Damien Laracy, managing partner of... more
Tanker acquisition via remote
It is the first acquisition solely done by remote due to the recent boom in the tanker market. The "Cape Beira" was acquired by the Sea World Management of Montecarlo with online procedures determined by anti-pandemic restrictions. The 40,000 t tanker changed hands... more
New Mediterranean loops operational
The AEM6 is an Ocean Alliance's weekly liner service connecting South Korean, Chinese and SE Asian ports with the Adriatic, including stopovers in the Red Sea and the Mediterranean, has started its amended loop. Evergreen's first vessel sailing according to the new rotation... more
Chinese RHI buys Cargotec out of JV
The ownership of the joint venture in China that Cargotec and Jiangsu Rainbow Heavy Industries (RHI) have been running since 2012 has been reshaped. Since then, Rainbow-Cargotec Industries (RCI) has manufactured port and offshore cranes for Kalmar and MacGregor business areas at... more